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Thomas Industries reported the following: $430,000 Cost of goods sold $320,000 50% Net sales Operating expenses $55,000 Tax rate The gross profit percentage is: (Round

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Thomas Industries reported the following: $430,000 Cost of goods sold $320,000 50% Net sales Operating expenses $55,000 Tax rate The gross profit percentage is: (Round your final answer to the nearest percentage.) O A. 17% O B. 2696. O c. 37% O D. 74%

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